Amtek India issuing $60 mln convertible bonds

Newswire

HONG KONG, Sept 22 (Reuters) - Auto parts maker Amtek India Ltd. said on Thursday it was issuing $60 million worth of convertible bonds for its expansion plans. The 5-year bonds would be convertible into Amtek ordinary shares and were expected to carry a coupon of 0.50 percent and a yield to maturity of 6.35 to 6.85 percent, Amtek said in a statement. The conversion price was expected to be set at a premium of 25-30 percent to the volume weighted average price from open to close of Amtek ...

Premium Content (PAID Subscription Required)

"Amtek India issuing $60 mln convertible bonds" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×